socialism

Originally published in Contemporary Review of London, April 1938. Reprinted from Mises.org IV But if democracy had to abdicate only from the control of economic life, this might still be regarded as a minor evil compared with the advantages expected from

Originally published in Contemporary Review of London, April 1938. Reprinted from Mises.org The link between classical liberalism and present-day Socialism — often still misnamed liberalism — is undoubtedly the belief that the consummation of individual freedom requires relief from the

(original version in Italian: http://www.movimentolibertario.com/2014/10/einstein-il-socialismo-e-la-relativita-dellintelligenza/ – translation by author) The fact that socialism, in every single one of its expressions (“right”, “left”, “no-global”, incoherently pro-market, etc.), is linked to an objective and specific deficiency of intellectual ability, is well known

Consistency. This is undoubtedly the one word that any libertarian, when given the chance to describe their philosophy, would pick. Interestingly enough, when there is a remarkable amount of diversity amongst the rationalization of the libertarian position. The intellectual grounding

[This article is excerpted from The Counter-Revolution of Science, pp. 94–102.] Reprinted from Mises.org The Engineer The ideal of conscious control of social phenomena has made its greatest influence felt in the economic field. The present popularity of “economic planning”

Reprinted from LewRockwell.com According to Terry L. Anderson and Daniel Botkin, “Fighting Western Fires with Economics” is a good idea. Were I writing an essay with this title, I would emphasize the role of private property rights. If all forests

French Socialist President Francois Hollande won his election in 2012 on a platform to soak the rich and protect the generous welfare state. Now his Prime Minister Manuel Valls is warning that such policies could cause the French left to

I’ll bet you forgot to buy a card and gift, didn’t you? Boy, is your face red! Did you even know it’s International Mother Earth Day today, citizen? Socialist despot Evo Morales and his buddies at the United Nations sure

One of socialism’s last men standing, Cuba has recently softened its stance on foreign investment. In a bid to attract capital to the stagnant economy, a newly proposed foreign investment law would cut taxes on foreigners in half to 15%

Reprinted from RayHarvey.org It was in early autumn of 1989 that the drunkard Boris Yeltsin, soon-to-be president of the Soviet Union, visited, for the first time in his life, a supermarket in Houston, Texas. Not long afterward, in his autobiography Against

Reprinted from LewRockwell.com One device of leadership is to control individual behavior by psychological means. Gustave Le Bon’s 1895 book “The Crowd: A Study of the Popular Mind” outlines this phenomenon. The leader uses events to short-circuit rational thought and regress people

Reprinted from Mises Brazil The economic turmoil that castigates Venezuela has received increasing international media attention over the past few months. In September, the ongoing shortage of toilet paper (which occurred after the food shortages and blackouts in the power sector) led

Reprinted from Monty Pelerin’s World “Capitalism is not things; it is a mentality.” So stated Ludwig von Mises in a talk in mid 1952 in a series of lectures entitled Marxism Unmasked which he gave at the San Francisco library. Mises provided examples that

To the socialist planners in Ontario’s medical industry, the entrepreneurial doctor is a serious danger – one that needs to be extinguished as soon as possible lest patients realize that there is a better way. There is no better example

Amongst other ways that Canada is unique, it has a fully funded pension plan. Not too many countries can lay claim to this fact, and south of the border it is reported that only one (!) state pension is even

Reprinted from the Telegraph Edward Miliband and I have something (not much) in common: we both had Marxist fathers. In my case, however, it turned me against all that my father stood, or pretended to stand, for. I saw that

It doesn’t take an economist to realize there are unintended consequences for every action. They may not be plain of view or immediately apparent, but negative ramifications are often the price we pay for mistakenly believing humanity is invincible. Progressives

Reprinted from Laissez Faire Books You didn’t want to be the guy chosen to tell Stalin that the wheat crop failed or the production quotas on trucks and cars were not met. Why? Because despots always blame people, not systems.

Reprinted from Zerohedge.com The socialist paradise that is Venezuela has already shown the Federal Reserve just how the world’s greatest “wealth effect” can be achieved courtesy of the Caracas stock market returning over a mindblowing 475% in 2013. Of course,